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THQ revises expectations

By Brendan Sinclair, GameSpotPosted Apr 21, 2006 10:34 am PT

Company now expects to lose money for the quarter based on change in WWE development strategy and poor performance of Full Spectrum Warrior: Ten Hammers.

THQ gave its investors a heads up on some good news and some bad news on the way after the end of trading yesterday, as the publisher warned investors that quarterly revenues would likely be higher then expected, but the small profit the company anticipated had turned into a likely loss.

For the company's fourth quarter of fiscal year 2006 (the three months that ended March 31), THQ is now projecting $150 million in sales (a bump of $15 million over previous expectations), but a net loss of $.13 per share. Previously the company had expected a net profit of $.02 per share.

THQ blamed the swing on a "change in its development strategy" for WWE games that sees all internal development on wrestling games cut. The company owns a minority portion of Yuke's, the Japanese studio that has handled its SmackDown! vs. Raw and Day of Reckoning WWE brands, and recently signed a long-term development agreement with the company.

Poor retail performance on the part of the recently released Full Spectrum Warrior: Ten Hammers was another factor cited in the downgraded expectations. THQ is expected to report its financial results for the quarter on May 5.

32 Comments

  • Jokul

    Posted Apr 26, 2007 4:22 am PT

    I hope Full Spectrum warrior games helped them thourgh this bad patch, I have both and they are really good games.

  • SgtMMMbop_basic

    Posted Apr 25, 2006 5:20 am PT

    ^^^I got news for you and your "beloved UBI," console games far outsell PC games, so if they expanded WWE games to PC it would likely not be worth the money or effort it takes.

  • sykalob

    Posted Apr 24, 2006 8:10 am PT

    THQ needs to put a title like WWE games on PC
    I wrote that to everyone work in this company for years
    Now its time to take The Consequences
    This is The diffrent between them and a Smart company like my beloved UBI

  • chrisdojo

    Posted Apr 24, 2006 5:44 am PT

    they're losing $$$ along with every other video game company

  • K1LLSWITCH

    Posted Apr 24, 2006 4:23 am PT

    Seems like their ship is going to sink here soon.

  • Evo310whp

    Posted Apr 23, 2006 10:30 am PT

    Make Red Faction 3...Red Faction was always fun.

  • nathanthegame

    Posted Apr 23, 2006 1:11 am PT

    Truthfully i believe the only way to save THQ is for them to get rid of yukes and get back with AKI. I mean come on... the best WWF game was NO MERCY for the N64 the controls were so simple and easy 2 use, with the cool special power bar. Now the controls are wack and specials can be done at anytime once u get stars or whatever it is. So if THQ could bring back the control setup from NO MERCY with todays graphics that is what would save THQ from going down the drain. Seriously.......who did not like No Mercy.....only thing it need was a graphics upgrade and boom......best game series. i know many gamers out in the world would wish the control setup was like it was in the past. This is my opinion though...anyone else think they should get back with AKI?

  • thatguytony

    Posted Apr 22, 2006 1:03 pm PT

    Maybe this will start teaching companies like THQ a lesson. Release lackluster games, have lackluster sales.

  • NeoJedi

    Posted Apr 22, 2006 12:58 pm PT

    THQ makes pretty good wrestling games, and I'm hoping that WWE SDvR 2007 will be one of them.

  • comthitnuong

    Posted Apr 22, 2006 8:48 am PT

    they got dissed...that wat hapen when u make bad games

  • abukhara

    Posted Apr 21, 2006 10:42 pm PT

    Why cant THQ and AKI be together again. AKI makes the best Wrestling games!!!

  • peeweeshift

    Posted Apr 21, 2006 6:33 pm PT

    dawn of war best rts for multiplayer ever so far. pure combat no resource managing all out war. they better make another one!!!

  • Fallout_red

    Posted Apr 21, 2006 5:43 pm PT

    Bring us new Dawn Of War.

  • Po77InAtOr

    Posted Apr 21, 2006 3:59 pm PT

    Not a surprise that Ten Hammers didn't do so well. I think it was released to soon after Advanced Warfighter which kind of holds a monopoly on the new war games at the moment.

  • KFrog

    Posted Apr 21, 2006 3:27 pm PT

    That's a shame. I liked Full Spectrum Warrior but the reviews of Ten Hammers makes me pause because of the difficulty. I want a game that is fun, not a game so hard you have to redo the same thing over and over again. I'll probably pick it up after the price drops though.

  • hillhome21

    Posted Apr 21, 2006 2:42 pm PT

    THQ's PC line up looks pretty solid for later this year with the release of Company of Heroes, Titan Quest, and the newest Dawn of War Expansion. I would imagine all those will be seeing more daylight at E3 this year.

    In the console market however they are not faring very well it would seem.

  • mariokart64fan

    Posted Apr 21, 2006 1:15 pm PT

    thq did some good games back in the nes snes era , n64 games like rugrats scavenger hunt were good but since gc ps2 and xbox came thqs line up is based on nickolodean mostly cartoons of today none of them are party games etc i miss them good ol days of snes (tom and jerry ren and stimpy buckaroos were good 2 d platformers)

  • mrhankeydinks

    Posted Apr 21, 2006 1:10 pm PT

    well my hopes for STALKER when it comes out hopefully earl 2007. Also THQ did publish the Dawn of War games which are good. So not all there games are bad.

  • Tranceplant

    Posted Apr 21, 2006 12:41 pm PT

    THQ isn't a great publisher anymore...

  • Mohamadouf

    Posted Apr 21, 2006 12:40 pm PT

    i havent been buying their games for a while, and i dont have shares so who cares as long as they still publish horrible games

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